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Last Price Today's Change   Day's Range   Trading Volume
0.925   +0.005 (0.54%)  0.915 - 0.94  315,500
1,369 comment(s). Last comment by kuah at Jun 21, 2017 01:34 PM
 3 people like this.
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8 posts

Posted by bluecity > Jun 5, 2017 02:44 PM | Report Abuse

good sign today

226 posts

Posted by sohaitrader > Jun 7, 2017 03:15 PM |

Post removed. Why?

164 posts

Posted by Tomatoman79 > Jun 7, 2017 03:24 PM | Report Abuse

wooohooo charging

226 posts

Posted by sohaitrader > Jun 7, 2017 04:05 PM |

Post removed. Why?

172 posts

Posted by waseong > Jun 7, 2017 07:45 PM | Report Abuse

PETALING JAYA: The momentum of the oil and gas (O&G) sector in the country is expected to pick-up in the second quarter (Q2 17) onwards, thanks to cyclical recovery and high productivity.

Maybank IB Research, which is positive on the sector,  said it expect further pick-up in momentum in Q2 17 as volatility has receded, confidence has improved and costs have reset.

“The sector is on a cyclical recovery, as the oil market re-balances and capital expenditure (capex) grows. We expect stronger quarters ahead, as the sector moves into high productivity periods. 

“Our crude oil price assumption of US$53/bbl average for 2017 (Jan-May 17: US$54/bbl) is unchanged. We remain positive on the sector. Our key stock buys are Sapura Energy, Yinson, Dialog and Wah Seong,’’ Maybank IB said.

Elaborating further, the research house added that Organisation of Petroluem Exporting Countries (Opec) and non-Opec members recent extension of production cut (1.8 million barrels per day (bpd)) to June 2018 is market neutral but the commitment to drive down global stockpile is commendable, reflecting strong compliance and collaboration among members. 

On the domestic front, Petronas RM60bil capex commitment for 2017 (+20% year-on-year) is a positive, it noted, adding that the brokerage is slowly seeing a revival in upstream activities (i.e. rising drilling works).

Tenders pipeline are also on the rise, of which most (i.e. offshore support vessels (OSV), maintenance) are back-loaded in in the second half of this year, Maybank IB said. 

Commenting on its stock picks, the research house said it liked Sapura Energy as is a direct proxy, beta play for a recovering O&G sector outlook. Furthermore, it added monetising its gas assets is a catalyst not fully priced in yet.

As for Yinson, it is because of its undemanding valuations with strong earnings growth prospects, cashflow strength and proven execution capabilities, the research house noted. 

Its re-admission as a syariah compliant stock is another positive, Maybank IB said.

With Dialog, it is a direct proxy to Petronas Rapid and Pengerang play and another steady, long term growth story with much upside potential and cashflows/dividends to boot.

Wah Seong has strong earnings visibility over the next three years, backed by the EUR600mil NS2 job and inexpensive valuations vis-à-vis growth, the research house said. 

Maybank IB noted that Q1 17 results were generally in line, as out of the seven stocks under coverage whose results were released last month, five, or 71% came in line.

172 posts

Posted by waseong > Jun 7, 2017 07:56 PM | Report Abuse


172 posts

Posted by waseong > Jun 7, 2017 07:59 PM | Report Abuse

这场 nord stream 2 的 pipe coating 工,全程长达 2500 公里的天然气输送管,从俄罗斯南方输送天然气到德国。如今在芬兰的工厂已设立,而且production已在三月份开始了。concrete coating 是公司的强项,而且是最赚钱的生意。所以在这三年里,公司会有稳定的营收。在加上在关丹工厂挪威的 Johan Sverdrup project已如火如荼进行中,还有跟 penergy 公司的营收,和其他 join venture 公司的营收,不得了..!

29 posts

Posted by Kelcck > Jun 7, 2017 08:35 PM | Report Abuse

will fly tml

2691 posts

Posted by lloydlim > Jun 9, 2017 04:25 PM | Report Abuse

Time to accumulate

226 posts

Posted by sohaitrader > Jun 11, 2017 09:00 PM | Report Abuse

hoseh WASEONG ! next week Break 1.00 see see Sohai cantteeek

120 posts

Posted by ming > Jun 13, 2017 07:37 AM | Report Abuse

Glad to see that u are no more one day show baby..haha

23 posts

Posted by kyaputencom > Jun 13, 2017 07:47 AM | Report Abuse

short to mid term upside is still possible

997 posts

Posted by kuah > Jun 15, 2017 10:22 AM | Report Abuse

Resting to drop off some passengers... Next ride coming soon

1025 posts

Posted by titus > Jun 19, 2017 05:46 PM | Report Abuse

crude oil continue to drop. wonder how it will be affecting waseong.

4482 posts

Posted by crawler > Jun 19, 2017 08:57 PM | Report Abuse

I am more worry about trump effect on nord stream 2

997 posts

Posted by kuah > Jun 20, 2017 07:51 AM | Report Abuse

Turnaround no worries

18 posts

Posted by rookie95 > Jun 20, 2017 09:35 AM | Report Abuse

kuah when do you think the trend will go up again?

ding dong
1614 posts

Posted by ding dong > Jun 20, 2017 08:52 PM | Report Abuse

Waseong is building the gas pipe financed by the project owner n gas supplied from Russia and the gas fields are operated by multi national co's ...shell etc..it does not mater what ever oil price is...

997 posts

Posted by kuah > Jun 21, 2017 01:34 PM | Report Abuse

Rookie95 just jaga jaga cos if overall market weakness 8 out of 10 will follow mother trend..need to see strength coming in i mean support.

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Market Buzz

Date Type Subject
22-Jun-2017 Price Target Wah Seong - Stronger Quarters Ahead
Source : KENANGA, Price Call : BUY, Price Target : 1.10
Last Price : 0.925, Upside/Downside : +0.175(18.92%)

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